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Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $20 at the end of each month from his paper route collections.

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Future value with periodic rates. Matt Johnson delivers newspapers and is putting away $20 at the end of each month from his paper route collections. Matt is 9 years old and will use the money when he goes to college in 9 years. What will be the value of Matt's account in 9 years with his monthly payments if he is earning 6% (APR), 10.5% (APR), or 12.5% (APR)? FER What will be the value of Matt's account in 9 years with his monthly payments if he is earning 6% (APR)? (Round to the nearest cent.)

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